The most expensive homes in Spain are in San Sebastian; Cheapest in Ciudad Real

Tinsa, the leading valuation company in real estate valuation in Spain, presents its IMIE index, which reflects the growth of the average price of new and used housing in Spain. The key findings are that housing continues to grow, with the country increasing 6.6% year-on-year and 2.3% quarter over quarter.

44 out of 52 provinces show growth in this quarter compared to the first quarter of 2021. More than half registered variations between 2% and 7%. Fourteen provinces registered year-on-year increase by more than 7%. Among them, Madrid, the Balearic Islands, Málaga and Pontevedra stand out for their constant tendencies. The highest provincial unit values ​​are found in the province of Madrid (€2,751/m2), the Balearic Islands (€2,574/m2) and Guipúzcoa (€2,473/m2); It is followed by the province of Barcelona (€2,326/m2) and Vizcaya (€2,256/m2). At the opposite extreme, the lowest unit values ​​are found in Ciudad Real (€712/m2), Cuenca (€743/m2) and Cáceres (€801/m2).

As far as provincial capitals are concerned, they contained more year-on-year growth than provinces. Palma de Mallorca and Madrid stand out from this practice, with their rise slightly above provincial variations. Nevertheless, the figures show broad dynamics across all geographies, with a total of 48 capitals with year-on-year price increases. Half of the capitals recorded a variation between 1% and 4%, with a range between 0.3% in Santander and 11.6% in Palma de Mallorca. Inter-annual reduction reduces their presence and affects only five capitals with less intensity. As such, Palencia, Jaén, Orense, Zamora and Ciudad Real registered fell between -0.2% and -1.6%. The bulk of Capitals maintains the favorable growth that began in the first quarter of 2021.

The capitals that are farthest from their pre-crisis maximums are Ciudad Real, Lleida, Zaragoza, Avila and Guadalajara, with average values ​​less than 45% below the said maximum. In addition to Ceuta, the values ​​closest to the maximum are found in Palma de Mallorca (-4%), Madrid (-14.7%), San Sebastian (-16.7%) and Santa Cruz de Tenerife (-17.9%). Melilla. most expensive capitals They maintain relative positions quarter-on-quarter with some changes, and are San Sebastian (€3,755/m2), Barcelona (€3,474/m2) and Madrid (€3,444/m2), followed by Bilbao and Palma de Mallorca some distance away. are on. The cheapest are Ciudad Real (€1,018/m2), vila (€1,037/m2) and Soria (€1,041/m2).

most expensive districts

In barcelona, most districts experience a stabilization environment with modest price increases over the past year and quarterly variations continuing this dynamic. They are consistently above 2019 values. In terms of year-to-year variation, only saint martis Shows growth above the rest. The highest average values ​​are located in the districts of Sarri-Saint Gervasi, Les Corts and L’Eixample, which exceed €4,600/m2, shortening the distance with respect to the maximum values ​​in the historical series.

district of madrid Reflects continued price growth over the past quarter. They contribute to inter-annual changes in average intensity, excluding users only, with moderate contraction in the current quarter. Salamanca Neighborhood You vegetable The highest significant growth was recorded over the previous year, at 6.4% and 5.5%, respectively. Subsequently, without a differentiated geographical pattern, 9 districts registered an increase of between 3 and 5% in the previous year. In all respects, they exceed 2019 values. The highest average prices are located in the districts of Barrio Salamanca, Chambéry and Chamartín, which exceed €4,500/m2.

In Seville Most rapid and sustained growth in the last quarters of the district triana4th in the unit price ranking within the city itself with €2,421/m2.

Valencia It is highly dynamic with more than 10% rapid year-to-year variations in four districts: Campanar, Quatre Carreras Ciutat Vela and Rascana. The top positions above €2,000/m2 are Ciutat Vella, L’Eixample and Pla del Real.

Zaragoza Most of the districts have registered moderate growth with quarterly variations. Accommodation prices in the districts of Centro and Universidad range from €1,750/m2.

red color Records a significant dynamics with inter-annual variations of a certain intensity, highlighting Este and Puerto de la Torre. The highest housing prices above €2,200/m2 are located in the districts of East, Center and Tetinos-Universidad.

The most expensive districts are located far from the rest in the cities of Madrid and Barcelona. In the top 10 positions are 6 districts of Madrid and 4 districts of Barcelona, ​​which are worth more than €3,850/m2. The number one and only place that exceeds €5,000/m2 is the Barrio de Salamanca in Madrid. In second place is Chambery, also in Madrid, followed by Saria-Sant Gervasi in Barcelona in third place.